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CBS
Dec 24, 2012 5:30pm PST
. white house and congressional leaders have until january 1 to lork out a budget deal. resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the president was working on with speaker boehner. than tmall package would prevent tax rates from rising for middle-class, perhaps cut some spending and tie up a few other loose ends. so far, though, senator reid has so fbeen in touch with republicans over this plan. blicans ovent and the first lady as you mentioned, are here in hawaii. th atte also attended senator inouye's funeral this weekend. this is the president's first real vacation, jeff, in about a year. real nut he's cutting it short, heading home later
CBS
Dec 27, 2012 5:00pm PST
not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return t
CBS
Dec 27, 2012 12:00pm PST
: president obama and the senate cut short their holiday vacations to work out a last-minute deal to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let
CBS
Dec 21, 2012 6:00pm PST
break leaving behind a "fiscal cliff" hanger. how president obama addressed the looming crisis with just days to strike a deal. >> and they tied the knot or so they thought. the snafu that means the california couple was never married for the past half cent. -- half century. ,, ,,,,,,,,,,,,,,,,,, decades. now, investigators say they've made a brea >>> now at 6:30 it's the first murder to happen in an exclusive bay area neighborhood in four decades. investigators have made a break in the case of a young woman was charged in court today with being an accessory to the murder of a millionaire in his south bay mansion. mark sayre tells us police don't think this was a random attack. >> reporter: that judge set bail for $1 million for the single mother. while she has not been charged in this murder, her attorney says detectives are very much pressing her for information about the case. 22-year-old raven dixon of alameda appeared in alameda county superior court wearing shackles accessory to a homicide with a gang enhancement in the murder of ravi kumra in his home. dixon agreed to an exte
CBS
Dec 24, 2012 5:00am PST
. >> president obama said he will cut his hawaiian vacation short to hammer out a deal with congress with the deadline a short week away. >>> 5:18 now. >>> the nra is adamant about its idea of placing armed guards in the nation's schools. >> this comes as diane fine stein promises to introduce new gun control legislation in the new year. the head of the nra put the game on violent video games and problems with the mental health system insisting another assault weapons ban is not the answer. >> it doesn't work. diane fine stein had her ban, and columbine occurred. >> hundreds of protests yesterday. >>> amid the debate over gun controls and restrictions, bay area ranges are seeing a sharp increase in the number of people who want firearms training. cbs 5 reporter donlin shows us who is seeing up for the shooting lessons. >> reporter: lynn suwannee fired a gun for the first time in her life. >> safety. my arms are tired. >> reporter: before pulling the trigger, she attended a class in san francisco to learn how to safely store and use a gun. >> see if i can feel any sense of power being female a
CBS
Dec 27, 2012 5:30pm PST
but little evidence there is late word of a meeting tomorrow between president obama and congressional leaders. the full senate reconvened today. the president ended his vacation in hawaii early, flying back to washington this morning. but he made no public statements. if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter: jeff, democratic aides tell cbs news that senate majority leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leade
CBS
Dec 28, 2012 1:35am PST
leaders are expected to meet with president obama at the white house friday. this would be the group's first face-to-face meeting since november 16, and a last-minute chance to avoid the so-called fiscal cliff. if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >> republicans aren't about to write a blank check for anything senate
CBS
Dec 28, 2012 4:00am PST
this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new y
CBS
Dec 24, 2012 7:00am PST
sunday focused on who's to blame for the lack of a deal. there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on right now about what to do now that talks between the president and the speaker appear to have stalled. in fact, the president and senate majority leader harry reid were both here in honolulu yesterday for the funeral of hawaii senator daniel inouye. we're told they didn't really discuss what to do next. before he left washington the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for another year. but, jeff and rebecca, it's really unclear whether even a package like that could pass both houses of congress. so the
CBS
Dec 28, 2012 5:00am PST
deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done
CBS
Dec 26, 2012 7:00am PST
new poll finds 50% of americans think president obama and congress will reach a deal in time but that number has dropped in the past week. president obama plans to cut short his family vacation in hawaii leaving for washington late tonight. yesterday, he spoke to troops at a marine corps base in hawaii. >> on behalf of michelle and myself and our whole family we do this every year. this is where i was born so we come back for the holidays but one of our favorite things is always coming to the base on christmas day and having a chance just to meet you, those of you who have families here and to say thank you for the extraordinary work and service that you guys do each and every day. >> chip reid is in washington with more on the budget talks. chip, good morning. >> good morning, rebecca. as you mentioned, the president plans to cut short his vacation in hawaii and fly back to the white house later tonight, arriving about noon thursday. here in washington there has been no communication between republicans and democrats about how to avoid going over the cliff. before the christmas
CBS
Dec 22, 2012 1:35am PST
, cbs 5. >>> congress has left the building without a deal on the fiscal cliff. today president obama called on house speaker john boehner to come back to the negotiating table. >> the american people are a lot more sensible and a lot more thoughtful and much more willing to compromise and give and sacrifice and act responsibly than their elected representatives are. >> now, the first family on their way to hawaii for the holidays. the president says he'll return to washington if there's a deal. >>> there were five funerals in newtown, connecticut, today for two adults and three children. six-year-old olivia engle loved being a big sister and helping her little brother explore. dillon loved chocolate. grace's family says she dreamed of being a painter. >>> we started to see all the ribbons and all your tributes to emily, everywhere, and a lot of you guys don't even know who she is. a lot of you never even met her. >> the last two faculty members were also laid to rest today. rachel's boyfriend was planning to propose on christmas eve. school psychologist mary sherlock was remembered f
CBS
Dec 27, 2012 7:00am PST
survival. congress has five days to strike a deal before the end of the year deadline. president obama is on his way to washington this morning while senators are coming back to capitol hill. chip reid is at the capitol. good morning. >> reporter: good morning. the president arrived back in washington in a little bit more than an hour. the senate comes back tonight and the house it could be a couple of days. there is not the sense of urgency you would think there would be with a critical deadline looming. some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority lead
CBS
Dec 26, 2012 5:00am PST
wealthiest americans. his plan would include short term spending cuts instead of long-term deals that had been sought. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census figures about 2 60,000 young adults with college degrees in california are working in food service and retail. >> couldn't get a job in the field that i wanted to so i figured i have to start at the bottom. >> without higher paying jobs, it's that much harder for graduates to pay back student loans weapon tuition rising across the nation. >>> the holiday season isn't what it used to be for american oh. a new poll suggests a lot of people are working between christmas and new year's. the survey conducted in
CBS
Dec 27, 2012 6:00pm PST
cbs reporter danielle nottingham says progress is slow. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter
CBS
Dec 22, 2012 6:00pm PST
spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth has been solid, but people are still very tight with their purse strings. >> report
CBS
Dec 28, 2012 6:00pm PST
. >> pushing for a deal to avert the "fiscal cliff" just days before the deadline. the progress report from president obama and his backup plan. >>> why there's a manhunt for the woman in this surveillance video. a case involving death and deja vu. >> the guy grabbed him and put him in the car and took off. >> a dog taken and held for ransom. the effort to get back a pilfered pomeranian. ,,,,,,,,,,,,,,,,,,,, >>> you're watching cbs 5 eyewitness news at 6:00. >> this is deja vu all over again. we are now at the last minute. >> last-minute talks on the "fiscal cliff." tonight, we're going into the long holiday weekend still no deal. but there is a bit of confidence that the senate will reach a last-minute agreement. with three days to go there were talks today, then the president addressed the nation. thigh presidentgrace lee reports. >> reporter: the plan b would be this. if there is no deal, then the president says he still expects the senate to take action. he says at the very at least he expects to keep unemployment benefits to the jobless and to maintain the bush-era middle class tax cut
CBS
Dec 26, 2012 4:30am PST
spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers and families. the president told marines he was grateful for their service and posed for pictures. >>> more bay area headlines. one of santa's helpers put in a little overtime on christmas but instead of a sleigh and reindeer, san jose postal worker nancy ray used this a mail truck. ray is carrying on a decades old tradition of delivering packages to people on christmas. this is the third year ray has put her sant suit. she started working in the san jose post office 20 years ago and said this is a job she always wanted. >> some books, two things of presents. >> a relatively new christmas tradition continues in richmond as hundreds showed up at the community center. volunteers handed out food, presents and warm clothes to the city's less fortunate. the program known as christmas in richmond was started back in 2005 by a college stud
CBS
Dec 25, 2012 5:30pm PST
for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting so many middle class families, and preventing a mbg scheduled drop-off in thdicar
CBS
Dec 23, 2012 6:00pm PST
-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2
CBS
Dec 26, 2012 6:00am PST
instead of long term deals that had been sought. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy enough. but the day after christmas? it was unbelievable! cbs 5 reporter cate caugiran is in san leandro where after- christmas shopping has already started. >> reporter: yes, brian. it started at 5:00 this morning at the bay fair center in san leandro. according to a consumer reports poll about 1 in 7 adults will return a christmas gift so that's part of it. for the other part i'm joined live now with keith mchugh with the shopping center here braving the rain with us, as well. thank you so much for joining us. >> my pleasure. >> reporter: what brings shoppers out here the
CBS
Dec 24, 2012 6:00am PST
happen, it will be the most colossal consequential act of irresponsibility. >> reporter: president obama says he'll cut his vacation short to hammer out a deal with congress. the deadline now a week away. i'm andrew spencer reporting. >>> if congress face to reach the agreement income tax rates will go up on just about everyone on new year's day. unemployment benefits will expire for many as well. you may not feel the pinch right away. already too late for employers to accurately who would income taxes from those january paychecks. the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged with driving under the influence. he was pulled over early yesterday froms agoryia, virginia outside of washington. the senator says he is he is deeply sorry and will deal with the consequences. >>> charges could be filed as soon as today against a driver accused of striking several pedestrians in san francisco. one of the v
CBS
Dec 26, 2012 5:00pm PST
eunice nearby at a parking lot and today the judge set bail at $2 million. >>> president obama will be on a red eye tonight on air force one of the he is cutting his hawaiian vacation short heading back to washington to deal with, you guessed it the "fiscal cliff." so far, nobody knows if any significant strides towards a compromise have been made. no negotiations have been scheduled. lawmakers now have less than a week to figure out a deal. the senate is due in session tomorrow. the house has no plans to convene. >>> a weak holiday shopping report to blame for today's wall street losses. all three indices down. >>> also not so great, retail sales. mastercard says americans ended up spending just 0.7% more on holiday gifts this year than last. the worst numbers since 2008, all this is a surprise since analysts were expecting up to 4% increase in sales. cbs 5 reporter mike sugerman found the after-christmas sales aren't so hot either, at least at union square. >> reporter: the sales are good. people just aren't buying. i was at union square earlier. the place was empty. not like sagebru
CBS
Dec 29, 2012 5:00am PST
last-minute deal. for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending cuts. it will focus on tax rates and a few spending items. >> that's the bearare minimum we should be able to get done. >> sidelined for now. house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the president said the american public is getting frustrated and losing patience with these last-minute negotiations. he says the least congress can do is protect most american tax pairs from risin
CBS
Dec 28, 2012 6:00am PST
obama and congressional leaders meet later today trying to hammer out a deal on the fiscal cliff. we'll ask republican senator bob corker if a deal is likely, and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >> we also look back at the life and legacy of general norman schwarzkopf and a double agent tells "60 minutes" how he used facebook to infiltrate al qaeda. >> we begin with a look at today's "eye opener" your world in 90 seconds. >> the republicans in the house have left town, the negotiations
CBS
Dec 28, 2012 7:00am PST
obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there we
CBS
Dec 24, 2012 6:00pm PST
. only $29 a month for six months. >>> now at 6:30, president obama and speaker john boehner have one last thing to do before the new year, but will they get a deal together in time to avoid the fiscal cliff? as the leaders on capitol hill try to agree, locals say they are prepared to lose billions. >> locals are brace -- brace for the possibility of cuts. here is the story. >> this morning a smiling san pan mayor ed lee was one of the first officials to show up at the annual toy drive. but it doesn't look like american cities or counties will get a lot of cheer out of washington with the pending fiscal cliff and the threat of $7.5 billion in cuts. >> most of the cuts would be in health care, welfare programs for the poor, housing. >> across the bay alameda could bety supervisor predicted. >> our wic program which is a program for mothers to get nutrition for their newborn babies, that would experience a large cut. >> education would also take a hit. >> this would undo a lot of the good of the extra taxes carolinianstns are willing to invest. particularly special needs would have cuts
CBS
Dec 22, 2012 5:00am PST
president obama urged congressional leaders to address a smaller plan to avert the fiscal cliff because his talk with speaker boehner on a smaller deal have stalled. >> i met them halfway on taxes, and i met them more than halfway on spending. >> reporter: that was not speaker boehner's take earlier in the day. >> what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy. >> reporter: but boehner's position was weakened after he tried but failed to pass his own plan in the house. >> as you know the house did not take up the tax bill last night because we didn't have the votes to pass it. it's not the outcome that i wanted, but that was the will of the house. >> now president obama says boehner and other congressional leaders should put together a peared down package that keeps middle class tax cuts extends unemployment benefits and lays the groundwork for more debt reduction next year. >> nobody gets 100% of what they want. everybody's got to give a little bit. >> reporter: when mem
CBS
Dec 27, 2012 3:10am PST
. >>> no deal in sight as president obama and lawmakers return to washington in the last days before the nation goes over the fiscal cliff. >>> and a ho-hum holiday season for retailers as shoppers provide the weakest shopping since the great recession. captioning funded by cbs >>> this is the "cbs morning news" for thursday, december 27th, 2012. good morning. good to be with you. i'm du g
Search Results 0 to 30 of about 31 (some duplicates have been removed)